The Virtual Vitamin

A Daily Dose of Insight and Common Sense

The Future American Currency?

The form of legal tender has probably been the most evolving element of our relatively new society.  We have gone from genuine metal coin and barters to a gold backed dollar, and then to mere paper with only contrived value.  Credit, now the most popular form of funds, exchanges the hope of potential wealth.  We wager on futures.  Investments are made on artificial assets, mere illusions.  Exploiting that system will critically damage any economy.  The castle has been built on a cloud.  The question to ask now is, “Can it be repaired?”  At this point, bringing the financial system back down to earth will require desperate measures, but it is still possible.  The key to any workable solution will have to include returning to a system built on honest value.  The present trend has led to instability and if we continue on, to collapse.  Following that path the next logical currency exchanged will be power.  — If the dollar falls, so does freedom.

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June 8, 2010 Posted by | on Economics | , , , , , , , , , | 1 Comment